BRIO INDUSTRIES acquires $4.3 million distribution company.VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 21, 1995--BRIO INDUSTRIES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . ("BRIO") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BRIOF) is pleased to announce that it has entered into an agreement to acquire Daytimer Distributors Ltd. ("Daytimer") for $522,500, consisting of $385,000 cash and 25,000 shares of Brio at the deemed price of $5.50 per share. Daytimer distributes non-alcoholic beverages
This acquisition will serve to compliment Brio's subsidiaries, Brio Beverages and Brio Juices by opening up doors for distribution. Commenting on the acquisition, Hermann J. Riepl, president of Brio Industries, said, "This is very exciting for Brio Industries because it will add substantially to our sales and profits, plus expand distribution of our own Highland Springs Highland Spring is the second-largest supplier of bottled water in the United Kingdom. It produces still and sparkling water at its factory in Blackford, Perth and Kinross, Scotland, although despite the name this area is not actually within the Scottish Highlands. brand." BRIO is principally a manufacturer and packager of carbonated and non-carbonated beverages including water, soft drinks, new age beverages and juices, under contract to third-party mass marketers of beverages for sale in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . The company provides similar services for brand name labels as well as private label beverage lines sold by supermarket chains and other retailers and marketers. -0- All dollar figures in this release are expressed in Canadian dollars. CONTACT: Brio Industries Inc., Vancouver Hermann J. Riepl, 604/436-5876 or 800/729-2746 or Strategic Growth International Inc., Great Neck, N.Y. Stan Altschuler/Richard Cooper, 516/829-7111 |
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